3010 18Th AveEmporia, KS 66801

Property Details for 3010 18Th Ave

Year built

2004

Construction

FRAME

Lot size

0.75 AC

Property size (Sq ft)

5,204 SF

Property type

Office buildings

APN

193-05-0-30-01-012.01-0

APU

1930503001012010

Description

This exceptional investment opportunity presents a 4,925 square foot office building in Emporia, Kansas, currently leased to the U.S. General Services Administration (SSA) under a modified lease with a remaining term of 9.8 years. The property boasts a 100% occupancy rate, generating a substantial net operating income (NOI) of $94,704 annually, translating to a compelling 7.50% cap rate. Located at 3010 W 18th Ave, on a 0.7-acre lot (APN: 193-05-0-30-01-012.01-0), this single-tenant property offers significant long-term stability and security due to its federal government lease. The asking price is $1,240,000, representing a price per square foot of $251.78. Emporia's strategic location within the Kansas region ensures consistent demand for the services provided by the Social Security Administration, further enhancing the property's value and long-term prospects. This is an ideal investment for those seeking a secure, low-maintenance asset with a strong return on investment, backed by the financial strength and stability of the U.S. Government. The lease commenced March 1st, 2024. This property offers minimal landlord responsibilities and is situated in a growing regional hub with positive demographic trends. The tenant, providing essential services, ensures continued occupancy and stability.

• CAP approach

  CAP return

  Valuation

  6%

  $899,348

  6.5%

  $830,167

  7%

  $770,870

• Comparable approach

  Method

  Valuation

  Relative Method

  $372,242

  Geo Method

  $372,242

• Alternative Use

  Use

  Valuation

  Residential

  $1,029,407

  Hospitality

  $942,932

  Educational

  $784,508

  Medical

  $811,488

  Retail

  $1,220,346

Location Insight

City

Emporia

County

Lyon

State

Kansas

Latitude

38.4216

Longitude

-96.2211

CBSA code

21380

CBSA name

EMPORIA, KS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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